Monero traders eye $513 liquidity sweep as XMR’s price faces over-leveraged derivatives

Share

Monero fell 5.1% in 24 hours amid concerns about over-leveraged derivatives, while Zcash gained 9.8%. On-chain investigator ZachXBT revealed that 87% of inflows to exchange FreedomXMR were linked to illicit activity, with over $20 million traced to ransomware and social engineering attacks. Key support levels to watch are $484 and $438, while a sweep toward $513-$520 could present a buying opportunity. A close below $484.29 on the 4-hour timeframe would reverse the bullish structure.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items